Paramount Skydance (PSKY) Director Barbara Byrne Receives Award & Exercises

What Happened
Barbara M. Byrne, a director of Paramount Skydance Corp (PSKY), received 46,893 shares on July 21, 2026 upon vesting of previously granted RSUs (grant date Aug 7, 2025). Those shares had a closing market value of $8.53 on July 21, 2026 (46,893 × $8.53 ≈ $399,997). The filing also reports the conversion/exercise of 25,000 derivative units acquired at $0.00 and a simultaneous disposition of 25,000 derivative units reported at $0.00.

Key Details

• Transaction date(s): July 21, 2026; Form 4 filed July 23, 2026 (timely within typical 2-business-day window).
• Price(s): All reported transactions show $0.00 exercise/price for the derivative entries; the vested RSU shares were valued at the market close $8.53 on July 21, 2026 (total ≈ $399,997).
• Shares received: 46,893 shares issued upon RSU vesting.
• Disposition: 25,000 derivative units reported disposed (reported at $0.00). Filing does not state reason for the disposition.
• Shares owned after transaction: Not specified in the information provided in the filing.
• Notable footnotes:
  • F1: Shares issued on July 21, 2026 upon RSU vesting (grant date Aug 7, 2025).
  • F2: Includes periodic dividend reinvestment program activity (Rule 16a-11).
  • F3: Each RSU equals a contingent right to one share.
  • F4: Remaining RSUs generally vest by the earlier of the 2027 Annual Meeting or July 21, 2027, unless Byrne elected to defer receipt.

Context

• These transactions are primarily RSU vesting and conversion of derivatives rather than an open-market buy or voluntary sale. RSU vesting and subsequent conversions often include simultaneous dispositions (e.g., sell-to-cover for taxes), but the filing itself does not state the reason for the 25,000-unit disposition.
• Because the primary activity here is receipt of vested RSUs (a non-cash award), it’s a grant/compensation event rather than a vote of market sentiment through a purchase or sale.